CBA: inflation rate may total 5.5-7.5% by end of 2011 in ArmeniaFebruary 6, 2011 - 16:44 AMT PanARMENIAN.Net - The 12-month inflation rate will remain high in Armenia in the first half of 2011 – 9.5%, what will be conditioned by supply shocks late in 2010, including the unprecedented growth in prices for agricultural products and increase in global prices for basic food products and commodities. The inflation paces will slow down from the third quarter to reach 5.3% by the end of 2011, the Central Bank of Armenia (CBA) said in its program of monetary policy for the first quarter of 2011. It reads that the monetary policy should be toughened along with continuation of measures aimed at dedollarization to gain the 4% target inflation rate. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |